Apple shares soar past $100

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Apple shares soar past $100

Following better than expected quarterly earnings, shares of Apple soared above $100 to hit a new all-time high. As reported late yesterday, Apple saw second quarter earnings come in at $770 million, or 87 cents a share, compared to earnings of $410 million, or 47 cents a share, last year. Analysts were expecting, on average, earnings of 64 cents a share on revenue of $5.17 billion for the quarter. During the quarter, Apple shipped more than 10.5 million iPods and more than 1.5 million Mac computers.

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Comments

1

Can’t be bad.

Posted by stadidas on April 26, 2007 at 7:35 AM (PDT)

2

yeah, apple was one of my stocks for a project in my economics class. the actual “closing” price was about $95. the price went up to $102 in after hours trading, but we had to sell off at the closing price. i lost $7 a share.

Posted by Sts10188 on April 26, 2007 at 11:46 AM (PDT)

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